Sather Financial Group Inc Sells 311 Shares of Diageo plc (NYSE:DEO)

Sather Financial Group Inc decreased its holdings in Diageo plc (NYSE:DEO) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,729 shares of the company’s stock after selling 311 shares during the quarter. Sather Financial Group Inc’s holdings in Diageo were worth $474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. grew its position in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after buying an additional 6,617 shares during the last quarter. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets increased its position in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC raised its holdings in Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $1,308,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DEO shares. TD Cowen increased their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Trading Down 0.4 %

Diageo stock opened at $108.03 on Wednesday. Diageo plc has a 12-month low of $107.24 and a 12-month high of $154.71. The firm’s fifty day moving average is $122.13 and its 200 day moving average is $126.59. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.